Europe Outbids Asia for LNG as Prices Surge 150%
Liquefied natural gas prices on the spot market are moving higher as demand picks up seasonally and Asian importers are souring on the fuel. European buyers are stepping up purchases, however, despite the price. They have no choice. Asian demand for liquefied gas is set to decline this month—and ove
Source: OilPrice.com
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DW NOTE
Europe is outbidding Asia for LNG cargoes because it shut its own gas fields, banned pipeline imports, and bet its industrial base on wind farms that don't run when it's cold. The 150% price surge isn't a market shock — it's the cost of a energy policy that treated reliability as optional.